Many overseas Filipino workers (OFWs) in the UAE got excited after noticing that the value of UAE’s dirham (AED) to Philippine peso (PHP) soared from P13 to P16 online.
In what seems to be a technical glitch, the increase of AED to PHP happened around 4pm on September 15 when searched AED to PHP online.
Around 4:59pm, the AED 1 was still at P16. However, when The Global Filipino Magazine rechecked the website, it shows AED 1 to AED13.46.
“Ang taas taas, sana may ipapadala,” Treb Gomez, a Dubai-based social media specialist, quipped after learning the exchange rate.
Meanwhile, currency exchange centre LM Exchange posted this afternoon that the value of dirham to peso is still around P13.57.